In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.

The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used vehicles ...

Experian explains details around the rising average length of a car loan in the U.S., including tips to choose the right auto loan term for you. The average car loan term is 68.48 months for a new car ...